Hi,
You should not pay any commission to the seller's agent, as he/she is representing the seller and act on seller's interest.
As for yourself, you have to ensure you've done the following before searching and make an offer:
(1) Register "Intent to buy" on HDB website
(2) Arrange your means to finance the purchase; receive a HLE for HDB loan or IPA for a bank loan.
Do note the above (1) & (2) must be done before starting your home search.
(3) Identify the ownership; do not pay deposit via cash, only pay in cheque or bank transfer where there is a paper trail.
(4) Do your own research on the market price.
(5) Check for any structural defects; seller will not do any repair for you if you discover any problem after making the offer.
In the OTP clearly spelled that buyer has full knowledge of the physical flat, and no claims is allowed upon exercising on the OTP.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at
90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636 ling.ck7@gmail.com
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